Zafar Rizvi Buys Shares of REX American Resources
REX American Resources CEO Zafar Rizvi purchased shares on June 15, 2026.
Key Points
- On June 15, 2026, Zafar Rizvi, CEO of REX American Resources, purchased additional shares of the company.
- REX American Resources trades on the NYSE under the ticker REX, with a market cap of about $1.44 billion and a P/E ratio of 15.6.
- State Street Corp increased its holdings by 109,786 shares, while BlackRock, Inc. reduced its stake by 4,657 shares.
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On June 15, 2026, Zafar Rizvi, the CEO and President of REX American Resources Corporation, purchased additional shares of the company. This move comes as the stock trades at $43.68 on the NYSE. The transaction was not part of a pre-planned trading program, highlighting Rizvi's active involvement in the company's stock.
What Changed in Zafar Rizvi's REX American Resources Position
Zafar Rizvi added to his holdings in REX American Resources, where he serves as CEO and President. The exact number of shares purchased or the total value of the transaction was not disclosed, but Rizvi's involvement signals his continued confidence in the company's prospects.
Other Institutional Activity in REX American Resources
In other institutional activity, State Street Corp increased its holdings by 109,786 shares, bringing its total to 1,453,113 shares valued at approximately $66.2 million. Meanwhile, BlackRock, Inc. trimmed its position slightly by 4,657 shares, now holding 5,493,426 shares worth about $250.3 million. Dimensional Fund Advisors LP and Renaissance Technologies LLC both reduced their stakes by 68,153 and 72,036 shares, respectively, while Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both marked new or increased positions.
REX American Resources Corporation Stock Up 5.6%
Shares of NYSE:REX traded near $43.68. REX American Resources has a market cap of approximately $1.44 billion and a P/E ratio of 15.6. The stock has seen a 52-week low of $23.82 and a high of $53.36. It maintains a 50-day moving average of $46.77 and a 200-day moving average of $37.22. The company's strong current ratio of 6.76 and a quick ratio of 6.07 reflect solid liquidity.
$REX stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
REX American Resources reported revenue of $656.2 million, with a revenue growth of 3.6%. The company achieved a net margin of 14.1% and a return on equity of 15.8%. The next earnings report is scheduled for August 26, 2026.
Insider Buying and Selling at REX American Resources Corporation
Alongside Zafar Rizvi, other insiders were active on June 15, 2026. CFO Douglas Bruggeman acquired 49,266 shares, while Anne MacMillan and Cheryl Lea Bustos each bought 4,423 shares. Executive Chairman Stuart Rose sold 19,211 shares at an average price of $42.97.
Analysts Set New Price Targets
Analysts at Truist Securities reiterated their buy rating on REX American Resources with a price target of $50 on March 27, 2025. The consensus among analysts remains positive, with a strong buy recommendation and an average target price suggesting potential upside.
About REX American Resources
REX American Resources Corporation, based in Dayton, Ohio, operates in the basic materials sector, specifically within the chemicals industry. The company, founded in 1980, produces and sells ethanol, alongside other related products like corn and distillers grains. Led by CEO Zafar Rizvi, REX American Resources employs around 132 people, focusing on sustainable energy solutions.
Bottom Line
Zafar Rizvi's purchase of additional shares in REX American Resources underscores his confidence in the company's direction. While insider transactions can offer insights, they are just one piece of the puzzle for investors. Institutional activities and analyst ratings also provide valuable context for understanding the stock's potential. As always, these insights reflect past actions and not necessarily current positions.
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